Rubicon in Talks About Margin Call

Updated March 19, 2008 12:01 a.m. ET

Property investor Rubicon Japan Trust said yesterday that it is in discussions with lenders over how it may meet an expected margin call of 30 million Australian dollars (US$27.5 million) and has temporarily suspended payment of a distribution to security holders.

Rubicon said in a statement that it isn't able to meet the expected call with National Australia Bank Ltd. triggered by the appreciation of the Japanese yen against the...